FOREX - Trends, Forecasts and Implications (Episode 18: August 2012) - page 831
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I'm just confused and can't decide where the main trend is going on the n1.....
make up your mind))
For the Euro/Dollar pair, the important levels are: 1.2613, 1.2578, 1.2543, 1.2529, 1.2482, 1.2463, 1.2433 и 1.2417. Here short-term downward movement, we expect in the corridor 1.2482 - 1.2463, breakdown of the last value will lead to the development of a pronounced movement, in this case the target is 1.2433. We consider 1.2417 as a potential downside level, upon its achievement we expect consolidated movement in the corridor of 1.2433 - 1.2417. Short-term upward movement in the range of 1.2529-1.2543, this corridor is the key support for the downtrend; its penetration by the price, will encourage the upward development, in this case the first target is 1.2578. Potential value for the upside, we consider the level of 1.2613.
Trading recommendations:
Buy: 1.2530 Take profit: 1.2540 worked out
Buy: 1.2545 Take profit: 1.2575 worked out
Sell: 1.2480 Take profit: 1.2465
Sell: 1.2461 Take profit: 1.2435
Careful, it is Friday after all, plus the close of the month, buy should have been entered last night or this morning, now it is already dangerous whether buy or sell.
Totally agree with the inference)))
The interesting thing is... I found another pair, so the total of 3 is almost one-to-one. There are some ideas to test one idea in forecasting, but I'll get to that later. I'm running out of time.
Is it currency pairs or indices exactly?
So is the trend up or down?
So is the trend up or down?
It depends on which time frame you want. Take your pick.